Tranche Update on Clough Global Opportunities Fund’s Equity Buyback Plan announced on October 13, 2017.
November 16, 2017 at 05:00 am
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From October 13, 2017 to November 10, 2017, the company has repurchased 19,334,647 shares, representing 37.5% of its outstanding common shares. With this, the company has completed the repurchase of 19,334,647 shares, representing 37.5% of its outstanding common shares under the buyback announced on October 13, 2017.
Clough Global Opportunities Fund (the Fund) is a closed-end management investment company. The Fundâs investment objective is to provide a high level of total return and current income. It seeks to achieve its objective by applying a fundamental research-driven investment process. It will invest in equity and equity-related securities, as well as fixed-income securities, including both corporate and sovereign debt. Its investment portfolio includes common stocks, preferred stocks, corporate bonds, convertible corporate bonds, asset-backed securities, convertible corporate bonds, and government and agency obligations. It invests in various sectors, such as consumer discretionary, energy, financials, healthcare, industrials, information technology, real estate, and communications services. The Fund holds investments in various countries, including the United States, China, France, Germany, Switzerland, Canada, and Hong Kong. Investment advisor of the Fund is Clough Capital Partners L.P.